In the past few days, the state has leaked out to be nine plans to revitalize the industry, including textiles. However, enterprises are most concerned about the problem of financing. “I heard that the bank is not willing to give you the money on the textile industry has been.” China Textile Engineering Institute of the Secretary-General Wang Zhulin, said on December 12, the largest textile enterprises from difficulties banks to tighten credit. The Institute has received a lot of companies complain.

Jiangsu Textiles, a listed company Xia green color spun-off shares, executive deputy general manager Feng Shujun confirmed by the end of October the company was tightening of bank loans, with the result that during tight liquidity. “The reason is that banks tighten up on the negative attitude towards the textile industry.” According to Feng Shujun, due to substantially lower the price of crude oil, textile raw materials costs resulting color reduction of 50% of the Xia-off sale price will be reduced to the traditional textile and fiber companies almost level Anti-scale sales rose a blessing in disguise, and in December a new production line had to cope with the demand of orders. However, Xia passenger in the expansion of production lines, encountered financial difficulties. According to Feng Shujun revealed that the textiles have as a result of a series of bankruptcy, by the end of October off Xia Bank were told to tighten credit, “not because we have the operation, just as banks hold negative attitude towards the textile market.”

Banks to tighten credit in the textile industry to a certain extent. Jiangsu and neighboring Zhejiang Province, this year Jinxiong Group, Shaoxing Textile Printing and Dyeing Co., Ltd. Long Yao, Jiang Long Holdings, the five rings of spandex, and other well-known local textile companies are in trouble. The market generally believes that this is not the worst of times. Changjiang Securities believes that China’s huge production capacity determines the growth in domestic demand are sufficient to fully offset the decline of foreign demand and domestic demand is also facing down the risk, so in the coming year will be the most difficult time in the industry.

It is understood that the 104th Guangzhou Trade Fair of textile and clothing turnover decreased by 23.83% and 27.76%, a deceleration record. In addition, the General Administration of Customs on December 1 release of the data revealed that in 2008 Jan-Nov China’s textile export a total of 60,409,000,000 U.S. dollars, garment export a total of 108,700,000,000 U.S. dollars, respectively, the growth rate is 18.1 percent and 3.1 percent, respectively, year-on-year to speed up 2.8 Points and 19.1 percentage points lower. Speed up the rate of increase shown signs of slowing down. In addition, the U.S. economy fell on the increasing impact of the EU, leading to our textile and garment exports to the EU raised the alarm, In addition, the appreciation of the yuan against the euro weakened to a certain extent, China’s textile export advantage.

Ping An Securities analyst Chi-European flights that, in theory at the end of the two raised the export tax rebate rate of 3% or 6% will be brought in 2009 to 25.84 percent, or 51.69 percent of the profit increase, the textile and garment industry in particular, export-oriented enterprises Major positive. However, the most critical problem is that overseas markets led to the decline in demand for Chinese exports of textiles and clothing poor, in-house many times difficult to raise the tax rebate policy to turn the tide.

In response to the industry appears to cry, Dec. 12, industry and information Li Yizhong, minister of the State Council press conference, the letter is with the Department of Development and Reform Commission to develop an emergency nine key industries of the revitalization plan, this major industry 9 Is the light industry, textiles, iron and steel, non-ferrous metals, automobiles, petrochemicals, shipbuilding, electronics, communications industry. To be planning to revive the country through the efforts to contain and reverse the decline in industrial growth situation, to promote stable and rapid economic development.

It is reported that key industries to support policies and measures include: First, to further lighten the burden of taxes and fees to ease the cost pressures; The second is to increase credit support to address the difficult issue of corporate finance; The third is to start as soon as possible a number of technological upgrading of enterprises, Promoting industrial upgrading; Fourth, encourage and support the merger and reorganization of enterprises, improve the anti-risk capacity and international competitiveness.